Alckmin says that dollar should decrease after spending containment approval

The Vice President of the Republic and Minister of Development, Industries, Commerce and Services, Geraldo Alckmin, said yesterday (18), Wednesday, to the press that the current quotation of the dollar will return to the natural level after the approval of the containment of Government spending and expenses still in Congress. Vice-president's statements were made at the UN Women's event with the launch of a National Manifesto of Public Men that determines the end of the violence that women are victims.

Alckmin's expectations

The vice president believes that, with the approval of compliance with the tax framework, the reduction of expenses, which are measures that need to be immediate average and short deadline, so that the dollar will return to stability against the coin and national economy. Yesterday, the dollar beat 6 reais and 26 cents and on Tuesday, day (17), the House deputies approved the first text to contain spending measures, but at the same time, two other texts and projects circulate in Congress.

_{Geraldo Alckmin (Photo: Reproduction/Getty Images Embed/Andressa Anholet)}

The vice president says that the government has commitment and responsibility to the economy inspector. He keeps saying in his lines: “I believe that, with the approval of government measures, spending containment, it tends to fall into the exchange rate”. As a result, Alckmin bets that, after all these factors, the US currency must fall.

The package can be approved this year

Some measures of the fiscal package should be approved later this year, even in process in the House and, soon after, a Senate analysis is required.

The financial market points out some distrust and nervousness with the tax operations pointed out after the announcement of the Ministry of Finance through the minister, Fernando Haddad, who focused on the exemption of IR for those with less than 5,000 reais and measures to contain spending and expenses of the Government as cuts in the military, for example.

Alckmin has already stated that the new tax reform leaves Brazil ahead of several countries, becoming a historical and more modern reform. In celebration for approval, the vice president said: “We celebrate with Brazilian society the approval, by the National Congress, of the tax reform, an achievement for economic development after 30 years of waiting. Brazil enters the club of countries with simplified tax system “. Alckmin also states that the House has improved the text, reducing the value of VAT. The reform was a theme that several experts said it was extremely needed, even though it had several attempts by previous governments after democratization, it was never able to be articulated. However, as Alckmin says, it took 30 years to achieve the project.

Photo Highlight: Geraldo Alckmin (Reproduction/Paulo Pinto/Agência Brasil)